Community
Blog
iggy_ua's Blog

iggy_ua's Blog

Avatar

USDJPY forecast

iggy_ua Posted 9 Feb.  in #Trader's blog #Usdjpy #Strategy #Trade
USDJPY has produced a surprise drop yesterday. Actually, it was not unpredicted. Last month after the BoJ slashed the interest rate to negative I posted a blog to be cautious with JPY shorts. However, the strength of JPY expended further than I would anticipate. Yesterday I tried to call a bottom of the USJPY fall and sustained losses. Again, very dangerous to trade such strong moves. Reversals will evolve very slowly.
The weekly and daily USDJPY charts show that the pair has broken the support …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

NZDUSD trade

iggy_ua Posted 8 Feb.  in #Trader's blog #Forecast #Strategy #Trade #Nzdusd
Following Fridays' NFPs, which were taken by the market with a mixed bias, I would argue for a dollar strength on Monday. The report was more positive than negative, which will boost dollar rebound after last week's slide. Technically USD crosses are overbought and should find selling on a profit taking in an absence of the major economic releases in the next few days.
I will sell NZDUSD and GBPUSD. GBPUSD was described in a previous post. NZDUSD produced a strong rally after a strong unemployme…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Crude action

iggy_ua Posted 20 Jan.  in #Trader's blog #Trading #Strategy #Psychology
the blod is not about oil. however, it participated in the action as well. despite any in-depth analysis the price does not conform with any technical indicators or logic. vice versa, the market does in most cases looks to be irrational. oil continued it's decline following yestardays' gap up. i expected in the previous posts and still await a short term bounce in oil prices and dependent currencies. needless to say, i convinced myself in preparing to execute this view. it's a first sin of a tra…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments